IEA Report Forecasts Fossil Fuel Demand Peaking by 2030 as EVs and China's Economy Transition

IEA report sees global fossil fuel demand peaking by 2030 as electric vehicle use rises and China's economy shifts.

IEA view contrasts with OPEC, which sees oil demand rising after 2030, calling for more oil investment.

Report says clean energy transition is "unstoppable" though current policies still point to overly high fossil fuel use.

China's economic growth slowing and shift to clean energy changes its role as key driver of oil demand growth.

IEA says scaling up clean energy investment, not fossil fuels, is key to orderly transition.